De-Dollarization Drive: Russia Could Turn To Crypto For A Way Out Only Under These Conditions

De-Dollarization Drive: Russia Could Turn To Crypto For A Way Out Only Under These Conditions

Russia plans to stop all unregulated crypto activities within the country. But the CBR will accept compliant cryptocurrency investment in stablecoins that can be backed by gold reserves to compete against the US Dollar. Over $5 billion is still spent annually by Russian citizens on cryptocurrency investments, despite government warnings. …
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